Imperial Capital Reaffirms “Underperform” Rating for Amc Networks (AMCX)

Imperial Capital reissued their underperform rating on shares of Amc Networks (NASDAQ:AMCX) in a research report released on Friday morning. They currently have a $53.00 price objective on the stock, down from their prior price objective of $56.00. Imperial Capital also issued estimates for Amc Networks’ Q1 2019 earnings at $2.40 EPS, Q2 2019 earnings at $2.04 EPS, Q3 2020 earnings at $2.02 EPS and FY2020 earnings at $8.68 EPS.

Several other analysts have also recently weighed in on AMCX. Zacks Investment Research raised Amc Networks from a hold rating to a buy rating and set a $72.00 price objective on the stock in a research report on Wednesday, February 6th. BidaskClub cut Amc Networks from a buy rating to a hold rating in a research report on Tuesday, December 4th. Finally, Wolfe Research assumed coverage on Amc Networks in a research report on Friday, December 7th. They set an underperform rating on the stock. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $62.83.

Amc Networks stock opened at $59.06 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 9.01. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 1.01 and a beta of 0.84. Amc Networks has a fifty-two week low of $49.08 and a fifty-two week high of $69.02.

Amc Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, February 28th. The company reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The business had revenue of $772.85 million for the quarter, compared to analysts’ expectations of $757.41 million. Amc Networks had a return on equity of 187.32% and a net margin of 15.01%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.68 EPS. As a group, analysts forecast that Amc Networks will post 8.49 earnings per share for the current year.

In other news, EVP James Gallagher sold 7,000 shares of Amc Networks stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $62.98, for a total transaction of $440,860.00. Following the completion of the transaction, the executive vice president now directly owns 15,964 shares in the company, valued at $1,005,412.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.97% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of Amc Networks by 17.0% during the fourth quarter. IFP Advisors Inc now owns 1,196 shares of the company’s stock valued at $65,000 after purchasing an additional 174 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Amc Networks during the fourth quarter valued at approximately $68,000. Bremer Trust National Association purchased a new position in shares of Amc Networks during the fourth quarter valued at approximately $85,000. Hanson & Doremus Investment Management lifted its holdings in shares of Amc Networks by 25.3% during the fourth quarter. Hanson & Doremus Investment Management now owns 1,586 shares of the company’s stock valued at $87,000 after purchasing an additional 320 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Amc Networks during the third quarter valued at approximately $109,000. Hedge funds and other institutional investors own 86.96% of the company’s stock.

Amc Networks Company Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Analyst Recommendations for Amc Networks (NASDAQ:AMCX)

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